Bitcoin
SWI Group Raises €800 Million to Convert FTX (FTT)-Backed Bitcoin Miner Into AI Data Centers
COINOTAG·October 12, 2026·1 min read
SWI Group raised €800 million at a €6.1 billion valuation to repurpose the FTX-backed Genesis bitcoin miner for AI data centers. The shift is closely tracked by FTX Token (FTT) creditors, who monitor the conversion of the mining operation into artificial intelligence infrastructure. The funding marks a significant pivot for the former mining asset.
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